Post Utme Redeemers University 2025 Commerce Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2025 Commerce Objective / Multiple Choice
Question 20 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • COMMERCE • objective

A company is considering the implementation of a new insurance policy. The policy costs ₦100,000 per year and provides coverage for up to ₦500,000 in case of loss. What is the premium rate of the policy?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Redeemers University 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Redeemers University Commerce examination.

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